LICCX | International Equity Fund Class C | Lord Abbett

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International Equity Fund

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Summary

Summary

What is the International Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of international companies.

Fund Basicsas of 10/31/2022

Total Net Assets
$279.54 M
Inception Date
12/31/2003
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.94%
Fund Net Expense Ratio
1.92%
Number of Holdings
99
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -17.03% -13.54% 3.60% 1.10% 3.23% 3.56%
Lipper Category Avg. International Large-Cp Gro Fds -19.74% -16.97% 3.23% 3.09% 5.47% -
MSCI ACWI ex USA Index (Net) -15.37% -11.87% 1.75% 1.48% 4.23% 5.25%
w/ sales charge -17.86% -13.54% 3.60% 1.10% 3.23% 3.56%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -29.26% -26.94% -0.41% -1.48% 1.80% 2.71%
Lipper Category Avg. International Large-Cp Gro Fds -32.11% -30.29% -0.68% 0.25% 3.99% -
MSCI ACWI ex USA Index (Net) -26.50% -25.17% -1.52% -0.81% 3.01% 4.51%
w/ sales charge -29.96% -26.94% -0.41% -1.48% 1.80% 2.71%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

Countryas of 10/31/2022View Portfolio

Country Assets
Japan 16.0%
France 15.4%
United Kingdom 12.0%
India 7.2%
Cash 5.3%
Switzerland 5.1%
China 3.9%
Canada 3.5%
Netherlands 3.3%
Denmark 3.0%
Spain 2.7%
Sweden 2.5%
Taiwan 2.3%
Germany 2.1%
Mexico 1.8%
Ireland 1.7%
Indonesia 1.7%
Norway 1.6%
Australia 1.5%
Singapore 1.4%
United States 1.3%
Republic of Korea 1.0%
Brazil 1.0%
Hong Kong 1.0%
Austria 0.9%
Bermuda 0.9%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp2.4%
Asia/Pacific arrowDown3.2%
Japan 0.0%
United Kingdom arrowUp1.5%
Americas arrowUp0.7%
Cash arrowDown1.4%

INVESTMENT TEAM

Matthias A. Knerr
Matthias A. Knerr, CFA

Portfolio Manager

27 Years of Industry Experience

Sue Kim
Sue Kim

Partner, Director of Global and Emerging Market Equities

22 Years of Industry Experience

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

34 Years of Industry Experience

Supported By 34 Investment Professionals with 19 Years Avg. Industry Experience

YOUR REPRESENTATIVE

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -17.03% -13.54% 3.60% 1.10% 3.23% 3.56%
Lipper Category Avg. International Large-Cp Gro Fds -19.74% -16.97% 3.23% 3.09% 5.47% -
MSCI ACWI ex USA Index (Net) -15.37% -11.87% 1.75% 1.48% 4.23% 5.25%
w/ sales charge -17.86% -13.54% 3.60% 1.10% 3.23% 3.56%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -29.26% -26.94% -0.41% -1.48% 1.80% 2.71%
Lipper Category Avg. International Large-Cp Gro Fds -32.11% -30.29% -0.68% 0.25% 3.99% -
MSCI ACWI ex USA Index (Net) -26.50% -25.17% -1.52% -0.81% 3.01% 4.51%
w/ sales charge -29.96% -26.94% -0.41% -1.48% 1.80% 2.71%

Fund Expense Ratio :

Gross 1.94%

Net 1.92%

Year Fund Returns MSCI ACWI ex USA Index (Net)
2021 10.87% 7.82%
2020 15.96% 10.65%
2019 20.53% 21.51%
2018 -18.88% -14.20%
2017 24.17% 27.19%
2016 -2.56% 4.50%
2015 -3.38% -5.66%
2014 -10.07% -3.87%
2013 21.59% 15.29%
2012 13.92% 16.83%
2011 -12.72% -
2010 5.76% -
2009 32.32% -
2008 -43.00% -
2007 12.93% -
2006 22.85% -
2005 16.46% -
2004 13.40% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -9.73% -13.19% -9.72% - -18.50%
2021 2.66% 5.80% -1.17% 3.28% 10.87%
2020 -21.98% 17.84% 7.73% 17.08% 15.96%
2019 9.39% 4.25% -2.69% 8.62% 20.53%
2018 -1.20% -5.35% 0.15% -13.38% -18.88%
2017 5.54% 5.16% 7.17% 4.39% 24.17%
2016 -3.16% -3.00% 6.81% -2.88% -2.56%
2015 3.59% -0.46% -9.14% 3.12% -3.38%
2014 -2.07% 3.73% -6.27% -5.54% -10.07%
2013 3.78% -0.66% 10.49% 6.74% 21.59%
2012 11.06% -7.97% 6.02% 5.13% 13.92%
2011 4.30% 1.51% -20.17% 3.26% -12.72%
2010 -0.09% -15.10% 17.99% 5.67% 5.76%
2009 -13.82% 28.21% 20.54% -0.65% 32.32%
2008 -10.12% -1.95% -20.75% -18.39% -43.00%
2007 3.31% 8.02% 2.97% -1.73% 12.93%
2006 9.05% -2.67% 4.34% 10.94% 22.85%
2005 0.17% 0.09% 8.75% 6.81% 16.46%
2004 0.99% -1.17% -0.89% 14.64% 13.40%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 10/31/2022

Country Assets
Japan 16.0%
France 15.4%
United Kingdom 12.0%
India 7.2%
Cash 5.3%
Switzerland 5.1%
China 3.9%
Canada 3.5%
Netherlands 3.3%
Denmark 3.0%
Spain 2.7%
Sweden 2.5%
Taiwan 2.3%
Germany 2.1%
Mexico 1.8%
Ireland 1.7%
Indonesia 1.7%
Norway 1.6%
Australia 1.5%
Singapore 1.4%
United States 1.3%
Republic of Korea 1.0%
Brazil 1.0%
Hong Kong 1.0%
Austria 0.9%
Bermuda 0.9%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp2.4%
Asia/Pacific arrowDown3.2%
Japan 0.0%
United Kingdom arrowUp1.5%
Americas arrowUp0.7%
Cash arrowDown1.4%

Portfolio Positioningas of 09/30/2022

  • Similar to last quarter, in response to slowing global growth driven by central bank tightening, we continue to position the portfolio defensively favoring businesses which can manage the current inflationary dynamic and require limited macroeconomic growth for success. 
  • Hallmarks of our preferred business models include a high proportion of recurring revenues, less demand elasticity, and strong pricing power or some form of inflation protection. We remain cautious on European domestic businesses, believing that Europe will face the greatest challenges as a result of the geopolitical crisis.
  • As always, we remain alert for changes in the investing environment. An exit from the current environment would likely entail some combination of a bottoming in Purchasing Managers Indices (PMIs) globally, a weakening of the US dollar, and a leveling off or drop in commodity prices and inflation, allowing the U.S. Fed to pivot to a less hawkish stance.

Portfolio Details as of 10/31/2022

Weighted Average Market Cap.
90.5 B
P/E Ratio
14.9x
P/B Ratio
2.1x
Number of Holdings
99
Total Net Assets
$279.54 M

Contributors & Detractors as of  09/30/2022

Contributors

Holding Contribution
ICICI Bank Ltd. 0.3%
Daiichi Sankyo Co., Ltd. 0.1%
Asian Paints Ltd 0.1%
Bank Mandiri (Persero) 0.1%
Bharti Airtel Ltd 0.1%

Detractors

Holding Contribution
Alibaba Group Holding L -0.6%
Byd Company Limited -0.4%
Tencent Holdings Ltd -0.4%
AIA Group Ltd -0.4%
Taiwan Semiconductor Manufacturing Co Ltd -0.3%

Attribution Analysis 

International Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 12/07/2022
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/16/2021 12/17/2021 12/17/2021 $0.07450 $15.13

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
12/19/2022 12/20/2022 12/20/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $1.7525 - $1.7525 $15.13

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.94% 1.92%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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